Udo-Udoma Presents 2017 Budget

The Minister of Budget and National Planning, Udoma Udo-Udoma is about now making a public presentation of the 2017 budget in Abuja.

Seated are foreign diplomats, the Nigerian business community, economists, ministers and top officials of the Ministry as well as the Finance Ministry.

Udoma is expected to give a breakdown of the 2017 budget and give a highlight on key areas expected to impact on the common man and the economy generally.

The public presentation is taking place at the conference hall of the Ministry of Foreign Affairs in Abuja.

This is coming just about a week after Acting President, Prof. Yemi Osinbajo signed a budget of 7.44 trillion Naira into law.

We’ll Continue To Protect Nigeria’s Oil Assets – President Buhari

Muhammadu-Buhari-London-Anti-Corruption-SummitPresident Muhammadu Buhari has restated the determination of his administration to continue to protect the country’s oil assets and installations.

Speaking at a meeting on Tuesday with the Director of Global Upstream of Shell Oil Company at the State House, Abuja, President Buhari said he will leave a legacy of improved infrastructure, particularly in the power sector, and also ensure better security in the Niger Delta.

“It is only by doing this that investor morale and confidence will return, and the economy will be positioned on the path of growth,” He said.

According to a statement by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, President Buhari commended Shell for their faith in the economy and staying power.

The president also gave assurances on some issues of concern raised by the company especially the protracted issue of cash calls.

The minister of Budget and Planning, Udoma Udo Udoma, some weeks ago, revealed that the Federal Government has not been able to fund its counterpart Joint Ventures Companies, JVCs, and cash calls totaling $6 billion for several months due to revenue shortfalls.

The President assured other oil firms that the Federal Executive Council will soon consider a proposal for the easing of unpaid arrears owed by the government.

President Buhari said the security of oil infrastructure will continue to be priority of his administration which will include the dialogue with the stakeholder-communities in the Niger Delta.

He, however, urged oil companies to take more responsibility in the protection of oil installations to complement the efforts of Nigerian Navy in the region.

The Shell director, Andrew Brown, revealed that the company has resumed oil exportation through the Forcados terminal following its restoration.

He also commended the anti-corruption stance of President Buhari’s administration as well as the efforts to streamline and stabilize the economy for long term projects.

Senate Confirms 18 Ministerial Nominees

Ministerial NomineesEighteen of the 37 ministerial nominees from the list submitted by President Muhammadu Buhari have been confirmed by the Senate.

They include Udoma Udo Udoma, Dr. John Kayode Fayemi, Audu Ogbe, Christopher Ogbonnaya Onu, Dr. Osagie Ehanire, Lt.Gen. Abdulrahman Danbazzau, Alhaji Lai Mohammed, Amina Mohammed, Ibrahim Jubril, Babatunde Fashola, Aisha Alhassan.

Others are Senator Hadi Sirika, Solomon Dalong, Ibe Kachukwu, Kemi Adeosun, Abubakar Malami, Engineer Suleiman Adamu and Dr. Chris Ngige.

At the end of plenary on Wednesday, Senate President, Dr. Bukola Saraki read out the names of the nominees who had fielded questions from the lawmakers. The senators in a vote confirmed all 18 nominees.

The lawmakers carried out the confirmation.

Former Governor Babatunde Fashola of Lagos State was the first to take the stand at the Senate chambers today.

Mr Fashola held his audience spell bound for almost an hour and half answering questions from senators.

He told them that as governor for eight years in office he did not sign a cheque.

Mr Fashola also responded to questions on loyalty and on the 78 million naira allegedly sank to build a website.

Watch all videos of the Senates’s screening of the ministerial nominees on Channels Television YouTube channel.